Brady, your best bet is to go to a few of the IPO threads (pick one that has been, say 30-120 days since the IPO) and ask the same question. You should get a few "hits". They will certainly be familiar with the issue, and they will either tell you what was the first non-underwriter report, or they will tell you that they are anxiously awaiting one.
You could also go through a random sampling of reports from any full-service brokerage house, and look for the reports that do not carry disclosures about being an underwriter or market-maker. I don't use a full-service broker, so I can't do that. Some do make their reports public on the web, but I am not going to go find them. They are there if anybody wants to look.
I'm not going to do this for you, because I already know that this is the case. If you don't want to beleive me, more's the pity, because your view of how the market operates is going ot be inaccurate in this regard.
I've raised the issue for the benefit of those with open minds, and provided means of verification. There ARE reports that are issued by non-underwriters and non-MMs, and those are the important reports that investors care about. |
